Gasoline prices - another record high/ supply and demand
 

On Wed, 02 Aug 2006 17:01:14 GMT, Don White
wrote:

Shortwave Sportfishing wrote:
On Wed, 02 Aug 2006 01:43:36 GMT, Don White
wrote:


Jack Goff wrote:

On Tue, 01 Aug 2006 19:35:47 GMT, Don White
wrote:



JoeSpareBedroom wrote:



Whatever scenario would make jackoff happy. I slit all their throats
afterward, and stole the manager's accounts. Whatever.



Oh my! Jackoff will make sure those Palm Sisters take a beating tonight.


It's apparent that Kevin's been passing out samples of his crop to you
guys.


Kevin who?


Bacon dumbass. :)

Don't you know that everybody and everything is only six degrees of
separation from Kevin Bacon?

~~ sheesh ~~ :)


Well, I'm hoping the separation between me & Jackoff is more like an
even dozen.

The separation between yourself and Jack Goff (childish namecalling
and all...) is immense. I'm superior in every way. I even live in a
superior country. I'm sorry for you, Don. :-)

Gasoline prices - another record high/ supply and demand
 

On Wed, 02 Aug 2006 15:08:53 -0400, JohnH wrote:

On Wed, 02 Aug 2006 11:06:18 GMT, "JoeSpareBedroom"
wrote:

"Jack Goff" wrote in message
. ..

On Wed, 02 Aug 2006 03:40:23 GMT, "JoeSpareBedroom"
wrote:

"Jack Goff" wrote in message
m...
On Tue, 01 Aug 2006 15:59:45 GMT, "JoeSpareBedroom"
wrote:

"Jack Goff" wrote in message
news:9uduc2lvcrv430v7nv5u398botkna3e71h@4ax. com...

So now the US is an island, insulated from the rest of the world?
Everyone else is "irrelevant"? Really?

So the price is 25 - 35% "trading excess" (cite?), which is the
futures traders as you've said before, right? But then the oil
companies are to blame for the price, not the traders. Uh huh.

CITE: It was provided earlier in this discussion. Use your search
feature
to
find the first message containing "PBS", and read forward from there.

Nope. There was some discussion about some talking heads on PBS, but
there is no cite with solid facts on your 25-35%, because that doesn't
exist.


These were not "talking heads". These were commodities brokers who live
with
the numbers all day long. If the barrel price jumps X amount in one day,
and
they see absolutely NOTHING to cause it, other than amateurs bidding up
the
price, then what they've pointed out is quite conclusive.


OK, let's us that number. Here's the rest of my post:

However, what is curious is that you made the statement:
The oil companies, knowing
this, do whatever they want with the price. That's a crime, and should be
dealt with.

But you also said this about them:
Other
businesses make higher margins and it doesn't bother you.

So some companies make (much) higher margins than oil companies, but
for some reason you think the oil companies are committing a crime?
Surely you realize that they have an obligation to their investors to
make money, yes?

Then you blame the price not on the oil companies, but on futures
trading by people who aren't in the business. You said:
Limit futures trading to companies which have a material interest in the
commodity being traded, in this case, oil. Eliminate speculators, who, by
definition, are in no way involved with the production of petroleum
products. This latter group is simply playing games. Stopping this would
not
totally eliminate the fluff in the price, but it would go far in that
direction.

Understand that I agree with you on some of your points. However,
you're all over the map on this. You seem to just be ****ed about the
price, and are blaming everyone except the guy behind the register at
your local 7-11. Is it the oil companies, or the speculators? And
why does gas cost us *half* of what it cost the rest of the civilized
world? Could it be that the oil companies are indeed aware that the
US is dependant on oil, and are attempting to hold down the cost here
in some ways?

As I said, the blame could be twofold. If you want to buy a certain stock
and the price is inflated due to no fault of yours, you may go ahead and buy
it anyway. In that sense, you're a victim since the price has been inflated
by others. This analogy points right back to my comments about a resource
being manipulated by people who are outsiders.

It would be interesting if a few oil companies were asked (i.e.: handed
subpoenas) and had to reveal what their actual raw material cost has been
since they began using Iraq as an excuse.


Jack made the points I was trying to get to yesterday. I think you've
backed off your original statement somewhat. I think if you stopped futures
trading for one commodity, you'd have to do it for all. Many commodities
are 'necessary', we just don't have them in our face every day.


Only thing is, Joe doesn't want to stop futures trading for oil. He
supports handing it over to the oil companies.

Joe wrote:
Limit futures trading to companies which have a material interest in the
commodity being traded, in this case, oil. Eliminate speculators, who, by
definition, are in no way involved with the production of petroleum
products. This latter group is simply playing games.

But Joe also wrote:
For oil, the design of our
country (which only gets worse) mandates its use. The oil companies, knowing
this, do whatever they want with the price.

While the separate arguments he makes looks pretty good on their face,
when you put them together it seems a bit like leaving the hen house
unlocked, and handing the keys to the fox. Basically, let the bad oil
companies alone set the price for the raw material they need, as they
see fit? How's that gonna work?

Gasoline prices - gold as a hedge
 

On Wed, 02 Aug 2006 14:20:24 GMT, Shortwave Sportfishing
wrote:

On 2 Aug 2006 06:11:49 -0700, "basskisser" wrote:


Shortwave Sportfishing wrote:
Slow steady wins the race.

I don't think John Force would buy into that.

John Force is an idiot.

And drag racing sucks - unless it's on the street and it's a Mustang
or some crappy rice burner.

That's when the 'Vette teaches 'em a lesson. :)

You got a C6R? Anthing less and the new Mustang Cobra will show the
'vette the door! :-)

Gasoline prices - another record high/ supply and demand
 

"JohnH" wrote in message
...
On Wed, 02 Aug 2006 19:13:29 GMT, "JoeSpareBedroom"
wrote:


"JohnH" wrote in message
. ..
On Wed, 02 Aug 2006 11:06:18 GMT, "JoeSpareBedroom"
wrote:

"Jack Goff" wrote in message
m...

On Wed, 02 Aug 2006 03:40:23 GMT, "JoeSpareBedroom"
wrote:

"Jack Goff" wrote in message
news:2glvc2d2vft74nhu3hlfgero9bpfnp59v8@4ax. com...
On Tue, 01 Aug 2006 15:59:45 GMT, "JoeSpareBedroom"
wrote:

"Jack Goff" wrote in message
news:9uduc2lvcrv430v7nv5u398botkna3e71h@4a x.com...

So now the US is an island, insulated from the rest of the
world?
Everyone else is "irrelevant"? Really?

So the price is 25 - 35% "trading excess" (cite?), which is the
futures traders as you've said before, right? But then the oil
companies are to blame for the price, not the traders. Uh huh.

CITE: It was provided earlier in this discussion. Use your search
feature
to
find the first message containing "PBS", and read forward from
there.

Nope. There was some discussion about some talking heads on PBS,
but
there is no cite with solid facts on your 25-35%, because that
doesn't
exist.


These were not "talking heads". These were commodities brokers who
live
with
the numbers all day long. If the barrel price jumps X amount in one
day,
and
they see absolutely NOTHING to cause it, other than amateurs bidding
up
the
price, then what they've pointed out is quite conclusive.


OK, let's us that number. Here's the rest of my post:

However, what is curious is that you made the statement:
The oil companies, knowing
this, do whatever they want with the price. That's a crime, and should
be
dealt with.

But you also said this about them:
Other
businesses make higher margins and it doesn't bother you.

So some companies make (much) higher margins than oil companies, but
for some reason you think the oil companies are committing a crime?
Surely you realize that they have an obligation to their investors to
make money, yes?

Then you blame the price not on the oil companies, but on futures
trading by people who aren't in the business. You said:
Limit futures trading to companies which have a material interest in
the
commodity being traded, in this case, oil. Eliminate speculators, who,
by
definition, are in no way involved with the production of petroleum
products. This latter group is simply playing games. Stopping this
would
not
totally eliminate the fluff in the price, but it would go far in that
direction.

Understand that I agree with you on some of your points. However,
you're all over the map on this. You seem to just be ****ed about the
price, and are blaming everyone except the guy behind the register at
your local 7-11. Is it the oil companies, or the speculators? And
why does gas cost us *half* of what it cost the rest of the civilized
world? Could it be that the oil companies are indeed aware that the
US is dependant on oil, and are attempting to hold down the cost here
in some ways?

As I said, the blame could be twofold. If you want to buy a certain
stock
and the price is inflated due to no fault of yours, you may go ahead and
buy
it anyway. In that sense, you're a victim since the price has been
inflated
by others. This analogy points right back to my comments about a
resource
being manipulated by people who are outsiders.

It would be interesting if a few oil companies were asked (i.e.: handed
subpoenas) and had to reveal what their actual raw material cost has
been
since they began using Iraq as an excuse.


Jack made the points I was trying to get to yesterday. I think you've
backed off your original statement somewhat. I think if you stopped
futures
trading for one commodity, you'd have to do it for all. Many commodities
are 'necessary', we just don't have them in our face every day.
--
******************************************
***** Have a Spectacular Day! *****
******************************************

John

John, within the past couple of years, how often have you said "What the
hell...?" when you've seen repeated price increases for products OTHER
THAN
OIL? If any, name the products.


Tomatoes at Safeway. I think we should all boycott the damn stores until
the price of tomatoes gets reasonable.
--
******************************************
***** Have a Spectacular Day! *****
******************************************

John

Got a Wegmans nearby? www.wegmans.com

Gasoline prices - gold as a hedge
 

On Thu, 03 Aug 2006 10:35:58 GMT, Shortwave Sportfishing
wrote:

On Thu, 03 Aug 2006 01:39:01 GMT, Jack Goff wrote:

On Wed, 02 Aug 2006 14:20:24 GMT, Shortwave Sportfishing
wrote:

On 2 Aug 2006 06:11:49 -0700, "basskisser" wrote:


Shortwave Sportfishing wrote:
Slow steady wins the race.

I don't think John Force would buy into that.

John Force is an idiot.

And drag racing sucks - unless it's on the street and it's a Mustang
or some crappy rice burner.

That's when the 'Vette teaches 'em a lesson. :)

You got a C6R? Anthing less and the new Mustang Cobra will show the
'vette the door! :-)

Highly unlikely. 645 hp before the NOX. :)

Ahhh... traction is your problem.

Gasoline prices - gold as a hedge
 

Shortwave Sportfishing wrote:
On 2 Aug 2006 12:51:29 -0700, "basskisser" wrote:


Shortwave Sportfishing wrote:
On 2 Aug 2006 06:11:49 -0700, "basskisser" wrote:


Shortwave Sportfishing wrote:
Slow steady wins the race.

I don't think John Force would buy into that.

John Force is an idiot.

And drag racing sucks - unless it's on the street and it's a Mustang
or some crappy rice burner.

That's when the 'Vette teaches 'em a lesson. :)

John Force is a self made multi millionaire. He started with nothing,
made a fortune. Drag racing is one of the most technologically advanced
forms of piston engine racing there is.

Right.

Ever hear of F1 racing?

Yes, why? Drag racing is still one of the most technologically advanced
forms of piston engine racing there is. At 6000+ horsepower, an F1
engine is a horsepower midget in comparison at around 750 hp.

John Force probably started with much less than you, and built a
multi million dollar conglomerate. Have you?

Yep.

Yeah, sure......

Gasoline prices - another record high/ supply and demand
 

"Jack Goff" wrote in message
...

Only thing is, Joe doesn't want to stop futures trading for oil. He
supports handing it over to the oil companies.

First of all, the phrase "handing it over" is a silly idea. They *already*
participate in the exact same futures markets as the gamblers who are just
there for the thrill. I taught you earlier that the gamblers needed to be
eliminated. The gamblers often have no knowledge of what factors *really*
affect oil production, which is one of the reasons the price is where it is
today.

You seem to like the idea of keeping the gamblers in the oil futures game,
right? But, what if those same players were able to do the same thing with
everything you buy in the supermarket? Would you be interested in seeing the
price of vegetables double or triple because a bunch yahoos thinks the
presidential election in Mexico is a major threat? That's *exactly* what
you're seeing now with oil.

There are industries in this country which, for many years, have had their
own informal hedging methods, kept within each industry without any
participation (aka "static") from the type of investor who belongs at a race
track. Chemicals & groceries are two such industries. I'm in the latter
industry, and my job is to help buyers cost-average their purchases based on
*real* information about weather, past buying habits of the public (for
which they have unbelievably accurate data), and knowledge of the corporate
condition of the raw material producers. If my customers "buy wrong", it
rarely hurts the retail customer because temporary price jumps are absorbed
into the larger universe of past purchases. Grocery chains know they can't
take a 75 cent can of beans and crank it up to $1.25 just because *they*
screwed up. The product will just sit on the shelves.

The difference is this: The buyers I deal with know which factors *really*
affect their business, and which ones are nonsense. Want an example? You can
probably come up with one. Think back to hurricane Katrina. One big thing
affected almost every supermarket chain & wholesaler in the country,
regardless of location. What do you think it was?

Gasoline prices - another record high/ supply and demand
 

"Jack Goff" wrote in message
...


While the separate arguments he makes looks pretty good on their face,
when you put them together it seems a bit like leaving the hen house
unlocked, and handing the keys to the fox. Basically, let the bad oil
companies alone set the price for the raw material they need, as they
see fit? How's that gonna work?


What are you talking about??? The henhouse is *already* unlocked! The
presence of non-industry gamblers in the hedging process is the largest part
of the problem. Are you saying they *belong* in the futures market because
they somehow keep the oil companies honest???

Gasoline prices - gold as a hedge
 

Shortwave Sportfishing wrote:
On 3 Aug 2006 04:32:37 -0700, "basskisser" wrote:


Shortwave Sportfishing wrote:
On 2 Aug 2006 12:51:29 -0700, "basskisser" wrote:


Shortwave Sportfishing wrote:
On 2 Aug 2006 06:11:49 -0700, "basskisser" wrote:


Shortwave Sportfishing wrote:
Slow steady wins the race.

I don't think John Force would buy into that.

John Force is an idiot.

And drag racing sucks - unless it's on the street and it's a Mustang
or some crappy rice burner.

That's when the 'Vette teaches 'em a lesson. :)

John Force is a self made multi millionaire. He started with nothing,
made a fortune. Drag racing is one of the most technologically advanced
forms of piston engine racing there is.

Right.

Ever hear of F1 racing?

Yes, why? Drag racing is still one of the most technologically advanced
forms of piston engine racing there is. At 6000+ horsepower, an F1
engine is a horsepower midget in comparison at around 750 hp.

John Force probably started with much less than you, and built a
multi million dollar conglomerate. Have you?

Yep.

Yeah, sure......

Stick to things you know about Bassy...

Just what is it in this previous post that you are eluding to that I
don't know? Be specific.

Gasoline prices - another record high/ supply and demand
 

Harry Krause wrote:
Jack Goff wrote:


The separation between yourself and Jack Goff (childish namecalling
and all...) is immense. I'm superior in every way. I even live in a
superior country. I'm sorry for you, Don. :-)



Don't know why you run from your nickname, Jackoff. It suits you to a tee.


Jackoff should stick with what he does best.
The United Nations lists Canada as one of the best 3 or 4 places in the
world to live year after year.